Consortium Agreements

Financial Aid Consortium Agreements at Saint Mary’s University of Minnesota

A consortium agreement is a binding agreement between two colleges/universities which enables you to receive various types of aid from Saint Mary’s University of Minnesota while also being enrolled at another school.

The Consortium Agreement also certifies that only one of the two colleges/universities will administer Title IV financial aid for the student.

The Consortium Agreement refers to the two colleges/universities as the “Home Campus” and the “Host Campus”. The “Home Campus” is the school where the student is fully admitted and from which he/she will get a degree. The “Host Campus” is where the student temporarily takes courses, whose credits will be transferred back to his/her “Home Campus”.

Consortium Agreements should be completed two weeks prior to the start of the semester. Extra processing time for financial aid may be needed to ensure funds to be available by semester start date.

Additional Information:

All classes using a consortium agreement must transfer back to Saint Mary’s University of Minnesota and count toward the degree at Saint Mary’s.

Correspondence and telecommunications classes are unable to be processed through the consortium agreement process.